The Graveyard › Banks › 2010

Western Commercial Bank

Woodland Hills, CA · failed November 5, 2010 · FDIC certificate 58087

Western Commercial Bank of Woodland Hills, CA failed on November 5, 2010. It opened on February 6, 2006, 4 years before. At its last report before that it held $98.6 million in assets and $101.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $123.1 million. The FDIC estimates that the Deposit Insurance Fund lost $16.9 million on it.

2006-032010-09

Assets at the end$98.6 millionlast report before November 5, 2010

Deposits at the end$101.1 million

Estimated loss to the fund$16.9 millionDIF

Largest in the quarterly reports$123.1 millionSeptember 30, 2008

Equity to assets-3.5%September 30, 2010

Loans not being repaid6.4%noncurrent, September 30, 2010

Return on assets-16.11%a year's rate, September 30, 2010

Staff17full time, September 30, 2010

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Also ended in 2010

Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
Frontier Bank · Everett, WA · $3.3 billion in assets
Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.